Joint Venture agreement

Jubilee Platinum PLC
19 September 2002

                               JUBILEE PLATINUM PLC

                       7-8 Kendrick Mews, London, SW7 3HG

             Telephone: [phone]    Fax: [phone]

                           Email:  [e-mail]


19 September 2002


                    GOODFELLOW-FALLIS PGE PROPERTY VENTURED

                          Thunder Bay Mining Division



Jubilee Platinum plc, the AIM listed platinum exploration company, has entered
into a joint venture agreement with Canadian TSX listed East West Resource
Corporation, on the Goodfellow-Fallis property, part of the Thunder Bay Mining
Division in Ontario, Canada.

The 214 claim unit property covers a 9 mile long section of the Quetico Fault
trend with associated gabbro-pyroxenite intrusions and is located 8 miles south
west of the Lac des Iles River property that is presently being explored by
Platinum Group Metals.  Recent drilling near the Lac des Iles River property has
yielded 4 gram PGE/4 m and a series of PGE showings have been identified along
the Quetico Trend.  Previous IP surveys on Goodfellow have identified anomalies
that are similar to the IP anomalies at Lac des Iles River.

Jubilee may earn a 50% interest by spending C$428,000 over 5 years and a 60%
interest by completing a feasibility study to the standards of the TSE.  A 70%
interest may be earned by financing the property into production.  Drill targets
have already been identified and a work commitment of C$100,000 is to be spent
by March 30, 2003.  The agreement is subject to due diligence and board
approval.



                             ON BEHALF OF THE BOARD


                                   Colin Bird
                                 Chief Executive



For further information, please contact:


Colin Bird                           Simon Robinson / Justine Howarth
Jubilee Platinum                     Parkgreen Communications
Tel: [phone]                   Tel: [phone]


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